Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At March 31, 2017, estimated capital expenditures for the remainder of 2017 through 2021 for which applicable internal approvals (and also, if required, FPSC approvals for FPL or regulatory approvals for acquisitions) have been received were as follows:

	Remainder of 2017		2018		2019		2020		2021		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	935	$	660	$	475	$	35	$	5	$	2,110
Existing	790		755		615		655		510		3,325
Transmission and distribution	1,680		2,400		2,540		2,465		2,675		11,760
Nuclear fuel	45		190		170		210		120		735
General and other	370		275		250		220		250		1,365
Total	$	3,820	$	4,280	$	4,050	$	3,585	$	3,560	$	19,295
NEER:
Wind(c)	$	910	$	855	$	1,125	$	30	$	25	$	2,945
Solar(d)	190		10		5		—		—		205
Nuclear, including nuclear fuel	185		250		230		215		245		1,125
Natural gas pipelines(e)	450		850		40		35		10		1,385
Other	210		40		30		30		30		340
Total	$	1,945	$	2,005	$	1,430	$	310	$	310	$	6,000
Corporate and Other	$	40	$	60	$	90	$	50	$	40	$	280

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(a) Includes AFUDC of approximately $69 million, $78 million, $44 million and $5 million for the remainder of 2017 through 2020, respectively.

(b) Includes land, generation structures, transmission interconnection and integration and licensing.

(c) Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,880 MW.

(d) Includes capital expenditures for new solar projects and related transmission totaling approximately 140 MW.

(e) Includes capital expenditures for construction of three natural gas pipelines, including equity contributions associated with equity investments in joint ventures for two pipelines and AFUDC associated with the third pipeline. The natural gas pipelines are subject to certain conditions. See Contracts below.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, as of March 31, 2017 were estimated as follows:

	Remainder of 2017		2018		2019		2020		2021		Thereafter
	(millions)
FPL:
Capacity charges(a)	$	55	$	65	$	50	$	20	$	20	$	250
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	1,150	$	935	$	860	$	910	$	905	$	12,065
Coal, including transportation	$	105	$	5	$	5	$	—	$	—	$	—
NEER	$	1,440	$	1,020	$	140	$	105	$	75	$	295
Corporate and Other(d)(e)	$	60	$	20	$	—	$	5	$	—	$	—

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(a) Capacity charges, substantially all of which are recoverable through the capacity clause, totaled approximately $20 million and $47 million for the three months ended March 31, 2017 and 2016, respectively. Energy charges, which are recoverable through the fuel clause, totaled approximately $16 million and $16 million for the three months ended March 31, 2017 and 2016, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $200 million, $295 million, $290 million, $360 million, $390 million and $7,495 million in 2017, 2018, 2019, 2020, 2021 and thereafter, respectively, of firm commitments, subject to certain conditions as noted above, related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.

(d) Includes an approximately $30 million commitment to invest in clean power and technology businesses primarily in 2017.

(e) Excludes approximately $445 million and $20 million in 2017 and 2018, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.